Cheap Homes for Rent in Little Italy Neighborhood of Chicago, IL from $900 (64 Rentals)

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Search the lowest-cost Homes available for rent right now in the Little Italy area of Chicago.

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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property at 132 N Ada St

132 N Ada St

ChicagoIL60607
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Little Italy, Chicago, IL Local Guide

Cheapest Available Little Italy Apartments for Rent

 

The cheapest available apartment rental in the Little Italy area of Chicago, IL is a Studio unit found at 768 W. Jackson priced from $1,295. Roosevelt Square has the second lowest priced unit, which is a Studio apartment currently listed from $1,450. Here are the most affordable Little Italy apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
768 W. JacksonStudioStudio,1BA$1,295
Roosevelt SquareStudioStudio,1BA$1,450
Presidential TowersSTUDIO SIXStudio,1BA$1,545
Gateway West LoopE1Studio,1BA$1,938
The LydianS01Studio,1BA$2,069

Best Value Apartments for Rent in Little Italy, IL

As of April 14, 2025 the best value apartment in the Little Italy area is the $1.87 price per square foot 229 S Racine Ave Model at 229 S Racine Ave, Unit 1 in the in the West Loop neighborhood starting from $2,995. The second greatest value Little Italy apartment is the 229 S Racine Ave Model at 229 S Racine Ave, Unit 1 starting at $2,995 with a $1.87 price per square foot in the West Loop neighborhood. Here is today’s list of the best values for Little Italy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$1.87
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$1.87
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$2.06
917 S Laflin St, Unit Garden917 S Laflin St2BR,2BA$1.94
44 N Paulina St, Unit 382S44 N Paulina St2BR,2BA$1.80
1142 W 17th St, Unit 1F1142 W 17th St2BR,2BA$2.08
1115 W 18th Pl, Unit 11115 W 18th Pl2BR,1BA$2.00
616 S Loomis St, Unit 3F616 S Loomis St2BR,1BA$1.74
1720 S Clinton St, Unit Coach House1720 S Clinton St1BR,1BA$2.00
618 S Racine Ave, Unit 104618 S Racine Ave1BR,1BA$1.40

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Frequently Asked Questions about Little Italy

What type of rentals are currently available in Little Italy?

There are currently 540 Apartments for Rent in Little Italy, IL with pricing that ranges from $700 to $22,995. There are also 303 Single Family Homes for rent, Condos, and Townhome rentals currently available in Little Italy ranging from $900 to $7,700.

What is the current price range for Rental Homes in Little Italy?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Little Italy ranges from $900 to $7,700 with an average monthly rent of $3,180.

How much are larger Three and Four Bedroom Rentals in Little Italy?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Little Italy range from $1,025 to $16,890, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $7,700. Four Bedroom Single-Family rentals are also available starting from $3,195 and Four Bedroom Apartments start at $775.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.